The MENA Region and the Crises : An Interview with MNA Vice-President Shamshad Akhtar

To Middle East and North Africa (MENA) is a fascinating landscape. It is regrettable that the region is often in the headlines for all the wrong reasons. It's perceived as a place of endless conflict, where people live in fear and private investors shy away, some say the region is a closed society and is not open to integration etc. On the contrary, the MENA is a region of real economic, social and cultural achievements, both historically and in present times. The region has great potential that is being now unleashed and holds promise for a great future. As the World Bank Group, work closely with partners including all countries and regional institutions to assist in mitigating crisis and its impacts, while encouraging broadening and deepening of economic reforms to create productive jobs, and make the region more entrepreneurial and quick to seize opportunities in the regional and global economy. In conclusion, let me repeat that the MENA region has weathered the triple crisis well so far, but the crisis presents an immediate danger of rising unemployment and a resurgence of poverty, and highlights the urgency of deepening the structural reforms needed to address MENA's critical long term development challenges, namely the creation of productive private sector jobs for a growing labor force and the management of scarce common resources, especially water.

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Bibliographic Details
Main Author: World Bank
Format: Brief biblioteca
Language:English
Published: Washington, DC 2009-11
Subjects:CLIENT COUNTRIES, COMMODITIES, COMMODITY, COMMODITY PRICES, DEVELOPING COUNTRIES, DEVELOPMENT FINANCE, DIVERSIFICATION, ECONOMIC GROWTH, ECONOMIC REFORMS, ECONOMIC SLOWDOWN, EMPLOYABILITY, EQUITIES, EXPOSURE, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL MARKETS, FINANCIAL SECTORS, GLOBAL ECONOMY, GLOBAL EQUITIES, GLOBAL FINANCIAL CENTERS, HIGH POPULATION GROWTH, INCOME, INFLATION, INFRASTRUCTURE DEVELOPMENT, INVESTMENT CLIMATE, INVESTMENT REGIME, JOBS, LABOR FORCE, LABOR MARKET, LABOR SUPPLY, LEVEL OF POVERTY, MACROECONOMIC CONDITIONS, MACROECONOMIC POLICIES, MICROFINANCE, MONETARY POLICY, NUMBER OF PEOPLE, OIL PRICES, POOR FAMILIES, PORTFOLIO, POVERTY LINE, PREVIOUS ONES, PRIVATE INVESTORS, PRIVATE SECTOR, PRIVATE SECTOR ACTIVITY, PRIVATE SECTOR JOBS, REDUCTION OF POVERTY, REGIONAL ECONOMIC INTEGRATION, REGIONAL INSTITUTIONS, REGIONAL INTEGRATION, REMITTANCES, RISING UNEMPLOYMENT, SAFETY NETS, SKILL DEVELOPMENT, SOCIAL SAFETY NETS, STOCK MARKETS, VULNERABILITY, VULNERABLE PEOPLE,
Online Access:http://documents.worldbank.org/curated/en/2009/11/11419549/mena-region-crises-interview-mna-vice-president-shamshad-akhtar
http://hdl.handle.net/10986/10961
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